Author: Aus P

The Impact of Tariffs & Trade Wars

Whilst the US and China trade war has featured daily in headlines across the globe, a looming red blooded trade war has been flying under the radar. We’re talking about the US and Europe. With the likelihood of tariffs being imposed on imports by both parties, the threat of a major impact on market prices […]

Learning how to code in MQL4. Part 1 – Our Strategy

Ok punters, this is a bit of a new one for me, but today we’re going to get cracking with our first lesson in MQL 4 coding. As I’m learning at the same time as I’m writing this, we’ll be starting off with the very basics and hopefully (successfully) progress through to developing a custom […]

How to Trade Volatility Compression Patterns (VCP)

When it comes to timing the markets, all too often traders and investors struggle to resist the urge to buy for the sake of buying. And, this is usually without the presence of a valid trade setup or price pattern. Instead, traders should follow a strict discipline that only dictates a very specific buying point […]

How to Trade the Broadening Wedge Pattern

The broadening wedge has always been a bit of a mystery to me. While it can be quite a profitable pattern, it has a tendency to play tricks on us traders if we’re not careful. Broadening wedges occur somewhat less frequently than its relative, the narrowing wedge, and as such many traders find it a […]

Using MAs as Dynamic Support and Resistance

For those who use price action to trade the Forex market, there’s a mixed opinion about the use of moving averages. I mean, why would you use them if price is your indicator? Well, let me explain why MAs can add a lot to any trader’s toolkit. We’ll go over which ones I like to […]

The Magic of the Measured Move for Profit Targets

Sometimes, one of the most challenging aspects of trading the Forex market is determining a suitable and realistic take profit area. In fact, I’d argue quite strongly that determining an exit (whether in profit or at a loss) is significantly more difficult than developing your trade entry strategy. With that said, your take profit strategy […]

How to Trade Gaps in the Forex Market

Typically, the Forex market is quite volatile and it’s this volatility that can cause gaps. Today, we’re going to go into why gaps are well worth paying attention to. So, why are gaps are important? To put it simply, gaps can give us an idea of support and resistance levels, especially when they occur near […]

What to do when the Forex Market ‘Fakes It’

Imagine the following scenario. You’re watching the US dollar index in your MT4 platform, and have been doing so for weeks. Poised and waiting for the big break above a key resistance level so you can take advantage of the rip that you think is sure to occur. So a couple of weeks of zen-buddhist […]

3 Steps to Avoid Trading on Impulse

Impulsive trading something that all traders struggle with at some point in time, some more than others. And, more often than not it’s these impulsive trades that turn out to be losers. That in itself isn’t surprising though, especially considering that an impulsive trade is a trade without a plan. And that’s not really a […]

How to Trade Channels Like a Champ

Parallel or equidistant channels are a popular favourite among technical Forex traders. A channel formation is constructed of two parallel lines indicative of support and resistance and can be either bearish or bullish depending on the overall direction of price. Today we’re going to take an in-depth look at both ascending and descending channels and […]